Performance Max has been rapidly adopted by advertisers to sell ads for Google services such as YouTube, Gmail, Discover, Search, Maps, etc. This layoff follows an earlier one this year when Google fired 12,000 employees, marking the largest exodus in the company's history.
Key takeaways:
- Google is planning to lay off 30000 employees from its ad sales unit due to advancements in artificial intelligence.
- The AI-powered innovation, Performance Max, launched by Google in 2021, can automatically suggest and create ads for customers, making the ad sales unit redundant.
- Advertisers are rapidly adopting Performance Max to sell ads for Google services like YouTube, Gmail, Discover, Search, Maps, etc.
- Earlier this year, Google had already fired 12000 employees, making this the biggest exodus in the company’s history.